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What is the waste product excreted by the lungs?
Marginal Revenue
The additional income gained from selling one more unit of a product or service.
Output
The total amount of goods and services produced by an individual, firm, industry, or economy within a certain period.
Price
The amount of money exchanged for a unit of a good or service.
Short Run
This refers to a period in which at least one input or resource is fixed, while others can be varied to adjust output.
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